Based on the theme “Inspired India”, Indian Prime Minister Narendra Modi inaugurated the 93rd Annual Convention of the Federation of Indian Chambers of Commerce and Industry (FICCI) and addressed it via video conferencing.
PM Modi said, “India’s economy is recovering and economic indicators are encouraging”. He clearly stated that the world’s confidence in India has boosted over the past months which can be seen through the rate of Foreign Direct Investment (FDI). Amid the protest by farmers against latest farm laws, PM said that new reforms would surely give farmers access to new technology, markets and attract investment in the agriculture sector.
Major highlights from PM’s address:
- Entrepreneurs, youth, farmers, industrialists and citizens have played a pivotal role in recovering the economy.
- Farmers will get most of the benefits with the recent agro-sector reforms
- Agri reforms will remove challenges from agriculture and allied sectors
- These reforms will give farmers access to new markets and technologies, and bring new investments into the sector
- India’s Direct Benefit Transfer (DBT) is recognized worldwide, especially amid the pandemic.
Private companies are striving for improving agriculture sector, but more work needs to be done. The PM said that under the present government, rural India is witnessing a remarkable turnaround and getting more active internet in rural areas than urban India. Additionally, FICCI has stated that the administration should take the opportunity of crisis for pushing the nation through bold reforms and enhance the growth.
PM also laid emphasis on government’s Atma Nirbhar Bharat campaign, and said that the previous policies were inefficient for many sectors and barred new experiments. However, Atma Nirbhar Bharat Abhiyan promotes efficiency and growth in every sector. Additionally, Indian Finance Minister Nirmala Sitharaman recently declared that the government is working to continue offering further stimulus for boosting the demand and uplifting the economy.